It appears that is our job. But you are putting the cart before the horse .... in numerous categories.
Yea great except one is providing the paycheck and the other is rely on it. Can you say "holding something over someone's head"? Free speech my azz.
Where Elon Musk made a mistake is he announced his intention way ahead of acquiring majority stake in Twitter. The smarter way to do it is let TWTR trade on its merits. If it goes down, do not even touch it and let it fall, fall and fall. When it bottoms out, that is when Elon Musk should buy some shares. Make it so that, it is in quantities that will not spike the share price, do like the hedge funds do. Slowly, accumulate your position without alarming the woke executives. Then, start removing the woke executives with your own allies since, you now have majority stake. These idiots just want to protect their woke ideologies and agendas. They do not care about enhancing shareholder value.
I don't have any experience in corporate governance, structure, or buyouts. My posts are all just my thinking and opinion on how I see it playing out. I understand your last point on why one would become a shareholder if they did not believe in the company, however one never has the luxury of hindsight, and company's boards can completely destroy a company's value over time. Shareholders also have the luxury of a former CEO saying as much about this current board in recent statements, along with its drop in value. Also a class action will be a lot harder to argue against than some random lawsuits from a few people. We will just have to let it play out at this point. Good points though.
No one is afforded the luxury of free speech in the company they work for. Companies stipulate that employees are basically brand ambassadors for their company. They are privy to information others are not and their words and actions directly affect the brand. Their actions, words or otherwise, could be part of some larger scale project or test in the works, and divulging information could damage the brand. Yeah mines all speculation, but unlike the board we have that luxury.
Unfortunately, past a certain percentage, somewhere in the single digits, you must disclose your percentage with the SEC and it becomes public knowledge. Then you have their board and the public watching you like a hawk. Elon's advantage here is that since he does not own over 10% he can legally liquidate his entire position all at once at any time without needing to file documentation first, essentially screwing the share price.
Liquidate it all, immediately short it big, other shareholders who only bought in because of Musk sell because he sold, others short knowing they will be selling also. Share price plummets. This is all contingent on another 'White Knight' investor(s) not buying it out to sustain the price.
No matter what the board does there will be a class action suit against them. It will go nowhere. If they accept the bid, the suit will allege they sold too low. If they reject the bid, suit will allege they are not selling at a high price. It happens in every merger and is a complete non-event. It’s just lawyers being lawyers.
Except the owner itself or largest shareholder of the voting shares. Like I said "holding something over another's head". Anyway if Musk is successful doubt tRump gets reinstated. Though have to see in either case.